Rent, population, and median household income are important factors to consider for a 1031 exchange in Lemon Grove due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lemon Grove, California is a part of the La Mesa/Spring Valley/Lemon Grove Submarket submarket area, and contains zip codes 91945 and 91946.
Lemon Grove Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lemon Grove, CA submarket area was $1,741, which is 23.04% higher than 2014 average rent. This represents a compounded annual growth rate of 4.23%. 2019 vacancy in Lemon Grove, CA was 2.40%.
The total population of the city of Lemon Grove, CA has grown 6.51% since 2010. As of 2018, the population was 26,969. The median household income of the Lemon Grove was $62,004, which is 2.84% higher than the national average.
- submarket area La Mesa / Spring Valley / Lemon Grove Submarket
- avg rent $1,741
- rent growth 23.04%
- vacancy 2.40%
- median income $62,004
- population (2018) 26,969
- population growth 6.51%
- vs. nat'l avg 2.84%
- zip codes 91945 91946